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Vol 62 No 24

Published 2nd December 2021


Bank admits wrongdoing but hits out at data leak

Central Africa's biggest bank, BGFI, says it cleaned up its operations in Kinshasa back in 2018

After refusing to respond for years to accusations of grand corruption in its operations in Congo-Kinshasa, central Africa's biggest bank has come as close as its lawyers would allow to admitting grand corruption in its Congo-Kinshasa operations during the presidency of Joseph Kabila. BGFI's heavily caveated avowal won't dispel questions over its international operations. President Félix Tshisekedi's government is demanding compensation which could force the bank to shut down its Congolese operations.

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